Dai (DAI) is currently trading at approximately $0.999962, reflecting a marginal increase of 0.04663% over the past 24 hours. The cryptocurrency has maintained a tight daily range, fluctuating between a high of $1.001 and a low of $0.998506, indicating strong price stability typical of stablecoins.

Volume stands at 103,680,204, representing 2.39% of its market cap, which suggests healthy trading activity without extreme volatility. The hourly moving averages are tightly clustered around $0.9997, with minor fluctuations, reinforcing the perception of DAI’s price stability.

The 1-hour RSI is currently at 49, indicating a neutral position, while the 7-day RSI also sits at 50, suggesting that DAI is neither overbought nor oversold. Over the past 30 days, DAI has experienced a slight decline of 0.015%, but it has shown resilience with a 14-day price increase of 0.0815%, indicating some upward momentum.

Given DAI’s design as a stablecoin, it is expected to maintain a peg to the USD, which is currently being upheld. The all-time high of $1.22 occurred in March 2020, but recent price action shows that DAI has stabilized around the $1 mark, with minimal deviation.

Overall, DAI's price behavior, stable volume, and RSI metrics suggest that it is holding its peg effectively without signs of significant upward or downward pressure. Therefore, the recommendation for DAI is a Hold, as it remains a reliable stablecoin for those looking to mitigate risk in volatile markets.